JOURNAL OF BEIJING UNIVERSITY OF AERONAUTICS AND A ›› 2014, Vol. 27 ›› Issue (2): 1-6.DOI: 10.13766/j.bhsk.1008-2204.2013.0526

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The Activating Model of Contingency Plans Based on Multi-attribute Online Decision Making

Yu Hui, Fu Chengbian   

  1. School of Economics and Business Administration, Chongqing University, Chongqing 400030, China
  • Received:2013-11-20 Online:2014-03-25 Published:2014-03-24

Abstract:

Through the continuous extension of the loss caused by the disruptions and the extension of the partial information of end time, the paper explores when managers should activate contingency plans based on the multi-attribute decision making method and concentration of loss function. In the absence of information of loss function about unexpected events, the author tries toconstruct anactivating model by taking the theory and methods of online decision making. The author also uses the competitive ratio to prove the effectiveness of the model. On this base,further numerical analysis shows the effectiveness of contingency plans.

Key words: contingency plans, activating time, multi-attribute decision making, on-line decision making, competitive ratio

CLC Number: